Gold

Gold The yellow metal has been recovering some of the losses seen over the prior week. Weakness in the US dollar has helped underpin gold. The greenback has been lower over the week despite better than expected data. The final Q2 GDP…
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The precious metal pared losses as prices reversed on Thursday. Following this, gold broke past the 1900 level of resistance to briefly test the 1911.50 region. Considering that this level held up as support earlier, the resistance…
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The precious metal is struggling to maintain the gains made from Tuesday. Price action is rather mixed and likely to close with an inside bar. In the near term, this could lead to a possible breakout in the short term. However, the…
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The current XAUUSD structure hints at a final impulse in wave ⑤. This is part of a larger cycle degree impulse. It consists of five sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, the market has completed correction wave (4) as a…
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The precious metal is attempting to pare losses from last week as price action is trading stronger for the second consecutive day. The recovery although nascent comes after prices fell toward the 1850 handle earlier. In the process, we…
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The precious metal is caught in a sideways range right after prices fell sharply last week to a two-month low. Gold prices are currently steady with price action holding up above the 1850 level of support. The near-term consolidation…
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The precious metal posted solid declines last week as price fell to a two-month low near 1850. Gold prices managed to pullback into Friday's close. The breakdown comes after the support area near the 1911 - 1900 region gave way. In…
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Gold The yellow metal has come under significant selling pressure this week with the market falling 5.5% as of writing. Gold is now down more than 10% from the 2073.48 highs posted last month. The main driver behind the acceleration…
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The precious metal is looking to reverse the recent sharp declines. Prices closed almost flat on Thursday. Thus a follow-up bullish close on Friday could see some near-term gains being made. But the correction could hit the resistance…
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The precious metal remains in a bearish move after earlier this week, price failed to hold above the 1900 level. A brief retracement saw prices testing the 1911.50 level. But with no further room to go, gold prices reversed direction.…
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